5 comments:

More from The Times:"Some bonuses among the 20,000 bankers in GBM are regarded as unavoidable either because of guarantees given in the past or to retain individuals who have generated significant profits in their areas. Without big bonuses, they could defect."

So let them "defect" - where to ?

My two daughters work for the minimum wage - or just above - about 5 quid per hour. No bonuses. Isn't nu-labour socialism wonderful.

Stampede by banks to beat bonus crackdown.Banks dependent on taxpayer support are planning to rush out hundreds of millions of pounds in bonuses to senior bankers and traders before a threatened crackdown ....

You are right to highlight the progressive erosion of civil liberties of recent years. St Ives is a prime example of a creative and diverse community in danger of becoming a faceless residential complex that crushes individuality and community wellbeing.Let's bring about small government (minimal interference)and free local strong communities.

Not sure if I fully agree with Derek's comment - but at least you replied unlike the LibDems or NuLabour. Please tell us more about your specific policies about the smoking ban and nanny state. Cheers. Steve.

The government handed over billions of public money without imposing conditions to protect it. Now those bankers are paying their bonuses out of it. As Brecht asked, who is the bigger criminal, the banker or the bank robber?

As for the Tories, Margaret Thatcher helped start this when she and Reagan deregulated everything in sight ("minimal interference"), enabling big business to loot everything that wasn't nailed down.

"Minimal interference". Another term for allowing the strong to rip off the weak.